Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1887-10-25
THE CONDITION OF TRADE,

Prices neutrality-suspicious. Clouding
the Future With Dlnbt-lnterior Re-
ports More Favorabie-Etc.
The Review of Trade for the week
ending October Is, published by r.
G. Dun & Co, gives such All unbiased
statement of the situation, that we
cannot refrain from publishing the
bulk Of it, as follows:
In spite Of many favorable con.
ditions noted last week, prices do not
advance. The Treasury added $780,
QUO, 600 to circulation in September,
and has added about $4,OOO, 900 since,
and the Baltimore and Ohio bargain
has been ratified, and the Reading
reorganization ensured. Yet prices
Of stocks fell on Wednesday to an
average of $58.77 per share, the Low.
est since April and May, 1886, and.
excepting few weeks then, the low
est for two years. Wheat has lost
every advance since, September 20;
corn, for fortnight past, and oats.
for month past, have occasionally
risen only to recede again; cotton has
declined ,hree-eighth> Of C. n, dur ng
the month, and pork 81 a barrel. Oil
is higher, hut the transactions are in
significant. Coal is stronger because
tefe a strike, but iron aud steel are
lower. The elaborate statements OF
exchanges, iur the past year and u
quarter, only conceal the fact that OF
late exchanges have been falling be.
hind those of last year, FIRST at New
York, and then ut other chief cities
and New England manufacturing
towns.
In short, the theory that "more
money" ensures prosperity comes to
grief again. More than $l0:,OOO 900
have been added to circulation within
the past IA months, but the specula
ton thus stimulated has wrough,
much harm already, and clouded the
future with doubt. While great az.
tivity and expansion are witnessed in
some branches of business, others
exhibit symptoms OF reaction.
| ENCOURAGING statements of exports
in September show that Of breadstuffs,
cotton, provisions, oil, and cattle, thu
value was 8 per cent greater than in
1886; large decrease appears in
wheat, but a noteworthy increase in
-four; of cattle and pork exports de-
crease one half, and there Is some loss
in butter, cheese, and oil, but a gain
of S6,64O,OO0 in exports Of cotton.
This months exports from New York
show gain Of n per cent, aRains,
N increas- of 10 per cent in imports.
But 81, 100000 more gold arrived on
Thursday.
Interior reports are uniformly more
favorable; though tight money and
slow collections are still reported from
points, the pressure is in most cases
less severe, and collections rather
better. In Texas, where the cotton
weld is said to be 10 per cent below
last years, failures are more numer
Gus, aud manv traders are asking in
diligence. But east Of the Mississippi
money is generally -asier ut the South.
and partial failure of crops is as vet
hardly recognized as a cause of dis
,urhanee in the Northwest
The dry goods trade has been fairly
satisfactory in volume, with prices
we'll maintained. The shrinkage in
wooden manufactures appears in re.
ported sales of wool at Boston, which
were 2l,OOO,O0O pounds for three
months ending October LIST, against
56,000,000 pounds for the same month
last year, but supplies on hand at the
beginning of the period may explain
part Of the decrease. The boot and
shoe business is active and healthy,
and the leather market at last i'm
proves. In some localities at the West.
where real estate speculation began
early last fall, mortgages begin to
ripen, and prices are no longer main.
tsine'i, while bankers decline loans or
real estate security. But the building
of railroads, and new towns and MAI.
ufacturing centres, still continues.
The business failures occurring
throughout the country in the last
seven days, as reported by telegraph.
number, for the United States 1872.
and for Canada 20, or total Of 202
failures, As compared with total of
2l2 last week For the correspond
ing week in 1886 the figures we're
United States, 100; Canada, 10.
Total, 179.